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the value of their investments since president obama took office? we look at the latest survey, which we'll talk about more later in the program. 34% of americans say their investments are better off than they were four years ago. just 29% said that they were worse with 28% about the same. the facts are the s&p 500 has skyrocketed over 70% in that time, of course, due to the central bank stimulus action. so what's the disconnect? joining us with answers so that and more is the pimco ceo. good to see you. thanks for joining us. >> thank you, maria. >> let me get your take with what's going on in spain right now. we've been looking at these pictures of protesting. it certainly feels like things are worsening there in terms of the unrest and certainly the economic challenges. what's your take on the latest? >> it's an indication of how difficult it is to go from designing a response to implementing it. one of the problems you have in europe is that parts of the populations are just fed up. they've had enough. so you start getting rejection. it's most acute in greece where you've had economi
. >> they are so greedy, they just keep going. they'd love to see, balma get in. they are dying to have obama get in, but they can't wait that extra 70 days. >> and is opec actually conspiring to prime more pain at the pump for americans? and is $5 per gallon gas now more of a reality? all that and a lot more today on "the closing bell." [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ ] i'm with scottrade. >>> welcome back. forget all the talk about china eating our lunch. have you checked the stock market in china lately? it's at lows not seen since march 2009. two key economic reports showing china's manufacturing sector shrinking. at the fastest pace since the global financial crisis. as we bring this conver
. >> not to mention an event going on in charlotte tonight. and president obama is getting up to make his case for where the economy stands. i think all of this rolls into that. going to be very interesting to see how he handles this. >> rick on the ecb move this morning, did you get what you expected? what do you make of that? >> trader were a little shocks. even the spanish stock market was up. they're not challenging europe's capital or paper. they were surprised by the amount of horsepower in the marketplace and i think they want to jump on board. i think they will see more of the same as this spiral of a microphone carries europe much higher. it has a half-life, they need to come back with here is our growth plan after they stabilize rates, i think we will all be blue as we hold our breath waiting for that. >> that could be part of what's going on today, a short covering as all. thank you. >> today's move highlights a warning that other investors told us about which is things don't look so good in the economy necessarily, but central banks can step in at any time, and you have a rip your
cited proved my fite. the fed has been fueling the economy over the last three years. it's not obama policies, obama administration policies, per se. it's monetary policy. the romney campaign has made it very clear they would like to replace ben bernanke. i think the market reaction would be a romney presidency equals a withdrawal of monetary accommodation. i think the market would react negatively to that. there's a lot of good things coming out of the romney campaign. this would offset it. >> carly, what's your reaction? >> the stock market right now is completely disconnected from economic reality. we're going into a simultaneous global economic slowdown. yes, the stock market has been helped because by ben bernanke's actions, equities become about the only place you can make any money. i think what romney will deliver is economic policies that begin to lift the u.s. economy. over time, that's what we need. in the short run, i think the market is going to have to come back down to earth sooner or later because the second half economic picture is actually much worse than the first
to move up higher. >>> president obama's campaign seems to have weathered his ill phrased "you didn't build that" remark. will his presidential rival mitt romney survive the storm about his comments on the percentage of americans who don't pay taxes? >> michelle, we're going to see whether that affects mitt romney's campaign, but i want to talk about one aspect of that video that hasn't gotten quite as much attention today. it has to do with his comments about the israeli/palestinian peace process. now, if you want to see the entire video, go to the mother jones website. we cut a portion of it. what makes it interesting is you see mitt romney in private casting doubt on a position that is both the position of former president bush, of president obama, but also mitt romney's public position, which is that there should be a two-state solution between israel and the palestinians. here in this clip, he suggests it's impossible. >> and i look at the palestinians not wanting to see peace anyway for political purposes. committed to the construction and elimination of israel. there's just n
obama as to how to prevent the need for a strike on iran. obama's strategy seems to be based on some sort of wishful thinking, whereas netanyahu's is kind of more built upon historical context and what has prochb to proven to be a success in the past. the only time we've ever seen iran suspend their nuclear program was back in 2003 when the threat of credible military action was real. what netanyahu is coming out and saying today is we better make that real. otherwise, you know, it's going to hit us where we least expect it. >> so, john, what do you think an israeli strike on iran would do to the price of oil and the markets? i mean, obviously this has much broader implications for the world and people's lives, but taking a look at the oil markets, how destabilizing would that be? >> you know, it will depend, maria, on what the strike looks like, to be straight here. a pinprick type of operation like they did in syria and iraq years ago would certainly spike the price of oil. you're going to go right to that 2008 $150 high. maybe even higher. but do we stay there? that's the question
central banks? >> what it does have is a very good effect from the standpoint of mr. obama because, although -- well, people say the unemployment number was terrible, so that's bad for obama. all the polls show that if the s&p 500 is doing really well, that the people out there tends to be more tolerant of some bad economic numbers. on the other hand, if the s&p is cratering and we're getting bad unemployment numbers, then that's good news for mr. romney. >> september and october typically are volatile periods for this market. some tough times right now. ron, one of the expectations is that the fed may add liquidity, but they may also extend the period of time that the fed will keep rates low for that period of time. maybe into 2015 is the expectation. is it a bit disingenuous when you consider that ben bernanke's term in office is up in january of '14, i think it is, to extend it beyond the time when you could have a big change in the makeup of the federal reserve. >> you're going to have a big change in january if mitt romney wins and makes good on his promise to fire ben bernank
of that saying barack obama's at it again, spending money we don't have to prop up his failed economic plan. the federal reserve announced last week it would spend $40 million a month to try to help out this jobless recovery. of course that argument from the romney campaign ignores the assertion from fed independence which we got from ben bernanke last week. mitt romney is making this argument as he goes to the hispanic chamber of commerce today. president obama is firing back by linking romney to another figure who's somewhat better known, george w. bush and his tax cuts. here's the president in cincinnati today. >> they don't want to tell you their plan. the reason is because the plan they've got is the same one that they've been offering for decades. tax cuts. tax cuts. got a few regulations and then let's try some more tax cuts. tax cuts in good times. tax cuts in bad times. >> of course, the issue of trade is also front and center today. the president announced wto case against china for, in his view, unfairly subsidizing auto parts. he made that case to try to win votes from ohio work
, and i do think that's potentially something that the obama administration will be really concerned about looking to tap, if we do see a significant run-up. i do think you do have to weight the fact that the obama administration is likely to tap the spr so that could put a temporary cap on a run up in oil prices. the last time they capped the sp rth effects were only felt for ten days. >> let's talk rebalancing, david. big s&p rebalance coming right now at close, and you've got a handful of stocks that will see very high volume and sizable moves. what would you be doing in this environment? >> i think it's time to use this rebalancing and this dislocation, add some energy stocks to the portfolio, okay? i think we're both together on that. want to own some exxon mobile and williams brothers and williams partners, wbm, wmz. >> do you want to weigh some of these imbalances? >> got a size ability amount of stock for sale in coca-cola, handful of others, ups, ibm, wells fargo, good imbalancings on the supply side for technology. >> no question. >> do you want to use those? >> follow those in t
on the dow industrials. >>> will republicans give in on tax hikes if president obama wins re-election? our guest next says yes, and he's a republic. tom cole will explain why he thinks the norver tax pledge will be out the window. >>> only apple could sell 5 million new apple iphones and disappoint investors. [ male announcer ] this is anna, her long day teaching the perfect swing begins with back pain and a choice. take advil, and maybe have to take up to four in a day. or take aleve, which can relieve pain all day with just two pills. good eye. ♪ ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call
recovery since the great depression because obama has done everything the opposite of what they need to do to get the economy growing. instead of cutting tax rates he's raising tax rates. >> he is not raising tax rates. >> i know, i know -- >> i how did this happen? >> the conventions are over, guys, we have to grow the economy and jobs here. >> this was supposed to be about intel and fedex. don't get me wrong, it was fun. >> i'm so sick -- we ask an economic question and we get a political answer, not good. >> they're often related. >> i admit it, not good though. 20 minutes left and the dow still down eight points. >> today market could have been worse. how long can central bankers keep propping up our stock market. >> are you ready for some football. >> we didn't always watch football at buffalo wild wings -- >> it's so great to see you out of the office. >> get ready to pay for those snacks that you eat as fans will get serious sticker shock when they tally up the bill for wings and nachos. against these digests with three strains of good bacteria. approved! [ phillips' lady ] live the
teachers walk the picket line to protest massive cuts by former obama chief of staff turned chicago mayor, rahm emanuel. is this the beginning of much needed bashlash? >>> welcome back. this market is selling off, headed into the close. a lot of chatter ahead of this week's meeting with european finance ministers. i had a chance to sit down with italian prime minister, mario monti. bill and i wanted to show you what he said about serving as prime minister beyond next spring. >> reporter: your term, of course, ending in april, but people are celebrating your leadership and your credibility. would you be poised to stay on if asked after april? >> my horizon is really long term concerning the reforms that we implanted in the italian economy in order for them to generate benefits also in the long term, but my personal horizon in this current occupational end definitely with february 2013. >> reporter: no doubt about it? >> no doubt about it. >> do you believe him? he says, come april, he's done. >> i don't think so. i mean, first of all, you don't have clear candidates out there that would re
been made easier to pick out because obama care was upheld. we would need to see a little more clarity. if you look at year, for example irks you have a continent selling off at a significant discount to the united states. go in there with good security selectors. there's going to be some volatility but valuations matter a lot. >> we're at five and a half year highs in this market. are we getting a little more expensive overall. >> 13.5 times, the s&p 500 is right where you need to be right now, as long as the economy continues to move forward and continues to grow 1.5 to 2%. our view is, the economy has fallen off a cliff since the start of the second quarter and it's moving sideways right now. qe 3, the feds boldest move yet really needs to be successful, you're seeing glimmers in recovery and housing. it remains at suppressed levels. if we can continue to move forward here, can you see the impetus come into the economy. >> ben bernanke has said, the success of qe 3 will be determined by job growth in this economy. will it create jobs? >> it will create jobs in the real estate relate
Search Results 0 to 12 of about 13